A Change in the Aggregate Quantities of Goods and Services

question 128

Multiple Choice

A change in the aggregate quantities of goods and services demanded at each price level is called a

• A) change in aggregate demand.
• B) change in the aggregate quantity of goods and services demanded.
• C) determinant of aggregate demand.
• D) revealed expenditure on aggregate demand.

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Definitions:

Esophageal Sphincter

A ring of muscle at the end of the esophagus that closes to prevent stomach acid from coming back up, and opens to allow food to enter the stomach.

Hepatic Duct

A duct that leaves the liver carrying bile and merges with the cystic duct to form the common bile duct.

Cystic Duct

The duct from the gallbladder that merges with the hepatic duct to form the common bile duct.

Duodenum

The first section of the small intestine.